Disclosure of assessee information to Income Tax. CBDT notifies four more bodies u/s 138

Disclosure of assessee information to Income Tax Department. CBDT notifies four more bodies u/s 138 i.e. Cabinet Secretariat, IB, NCB & NIA

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)

Notification No. 52/2020

New Delhi, the 21st July, 2020

S.O. 2411(E).—In pursuance of sub-clause (ii) of clause (a) of sub-section (1) of Section 138 of the Income-tax Act, 1961, the Central Government hereby specifies the following bodies/agencies for the purposes of the said clause.

1. Cabinet Secretariat
2. Intelligence Bureau
3. Narcotics Control Bureau
4. National Investigation Agency

[F. No. 225/53/2020-ITA.II]

RAJARAJESWARIR., Under Secy.(ITA-II), CBDT

Download Notification Click Here >>

• Penalty for late supply of goods allowable deduction u/s 37 being not a crime or prohibited activity
• Interest received from Cooperative banks allowable deduction u/s 80P to a Cooperative Society
• SC to decide distinction in employees & employer contribution to PF, ESI for allowability u/s 43B
• No liability to collect TCS u/s 206C (1C) from person involved in illegal mining – SC
• Receipts mentioning that it was towards corpus, donation assumed to be for corpus of trust